Small businesses in the UK

Recently, I’ve came across a very interesting report from the department of business innovation and skills. We decided to summarize it in a nice infographic.

UK-small-business

Here are some interesting points:

  • There were an estimated 4.9 million private sector
    businesses in the UK at the start of 2013.
  • As in previous years, the latest rise has been driven
    by the growth in the numbers of smaller, non-employing businesses.
  • The 4.9 million private sector businesses employed an
    estimated 24.3 million people, and had an estimated combined annual turnover of
    £3,300 billion.
  • 99.9% of private sector businesses are SMEs, employing
    59.3% of private sector employment.
  • 62.6% of private sector businesses were sole
    proprietorships, 28.5% were companies and 8.9% were ordinary partnerships.
  • 75.3% of
    private sector businesses do not employ anyone beside the business owners.
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